UPDATE: Goldman Sachs Initiates Workday at Neutral on Valuation - Workday (NASDAQ:WDAY)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Goldman Sachs initiated coverage on Workday (NYSE: WDAY) with a Neutral rating and a $43 price target. Goldman Sachs commented, "We view Workday as a dominant player in the fast growing SaaS landscape with an end market that is ripe for change as customers migrate off of legacy systems. However, while we are very optimistic on Workday's competitive positioning, and despite growing billings at a premium to its peers, we believe the shares offer limited upside near term given valuation. WDAY trades at 21X CY2013 EV/sales vs. its SaaS peer group at 8X and its disruptive technology peer group at 10X. It trades at 17X CY2013 EV/billings compared to its SaaS peers at 7X."Workday closed at $49.88 on Monday.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!